Question

define aaconting and state its objectives

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Answer 1

Explanation:

i) Maintenance of Records of Business Transactions-The primary objective of accounting is to maintain proper records of business transactions.In this way, it is used for the maintenance of a systematic record of all financial transactions in book of accounts.A proper and complete record of all business transactions are .

Answer 2

Answer:

Accounting software describes a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, general ledger, payroll, and trial balance. It functions as an accounting information system.

Management Accounting is based on financial and cost accounting, in which historical data is used to make future decisions. ...

Management Accounting is useful only to those people who are in the decision making process.

Tools and techniques used in management accounting only provide information and not ready made decision. ...